Marsh strengthens presence in Western Australia with acquisition

Global insurance broker  Marsh has acquired Austral Risk Services, a Stirling-based insurance company with a strong presence in the Western Australia small and medium-sized business (SME) market.

Broker Austral Risk provides risk advice and business insurance solutions for clients in the labour hire, mining services, transport, manufacturing, agribusiness, retail, and professional services sectors. Its Transport Insurance Consultants business supports the small charter vehicle industry, and serves more than half of Perth’s taxi and limousine market.

All of Austral Risk Services’ employees have now joined Marsh.

Nick Harris, chief executive officer, Pacific, Marsh, said: “The addition of Austral Risk Services signals Marsh’s ambitious growth plans in WA. The firm’s strong client-centric values, which mirror those of Marsh, mean that our combined team will be able to provide even greater support to businesses in WA as they build their resilience to both regional and global challenges.”

Steve Halbert, managing director, Austral Risk Services, added: “By joining Marsh, our clients have even more access to world-leading innovative resources and solutions, delivered locally in WA, while our colleagues will benefit in many ways including from new training and development opportunities. I am excited to build on our shared commitment to serving clients, finding innovative solutions to the challenges they face, and delivering on our promises in a complex global risk environment.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.